JFE (OTCMKTS:JFEEF) Sets New 52-Week Low – Here’s What Happened

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.45 and last traded at $9.45, with a volume of 200 shares trading hands. The stock had previously closed at $10.8250.

JFE Price Performance

The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 13.64 and a beta of 0.23. The stock’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $12.27. The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.58.

JFE (OTCMKTS:JFEEF) last posted its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.30). JFE had a net margin of 1.54% and a return on equity of 2.68%. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.73 billion.

JFE Company Profile

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.